annuity
Defined in 7 dictionaries — Case Law, U.S. Code, Ballentine's (1916), Black's (1910), Black's (1891), Anderson (1889), Stimson (1881)
Definitions from Case Law
From 312 U.S. 531 - Helvering v. Le Gierse · 1941Most cited · 453 citing opinions
annuity and insurance are opposites; in this combination the one neutralizes the risk customarily inherent in the other. From the company's viewpoint, insurance looks to longevity, annuity to transiency.
United States Code
5 U.S.C. § 8311 — in this section (2 versions over time)
“annuity” means a retirement benefit, including a disability insurance benefit and a dependent’s or survivor’s benefit under subchapter II of chapter 7 of title 42, and a monthly annuity under section 228b or 228e of title 45, payable by an agency of the Government of the United States or the government of the District of Columbia on the basis of service as a civilian employee and other service which is creditable to an employee toward the benefit under the statute, regulation, or agreement which provides the benefit, but does not include—
(A) a benefit provided under statutes administered by the Department of Veterans Affairs;
(B) pay or compensation which may not be diminished under section 1 of Article III of the Constitution of the United States;
(C) that portion of a benefit payable under subchapter II of chapter 7 of title 42 which would be payable without taking into account, for any of the purposes of that subchapter, including determinations of periods of disability under section 416(i) of title 42, pay for services as an employee;
(D) monthly annuity awarded under section 228b or 228e of title 45 before September 26, 1961, whether or not computed under section 228c(e) of title 45;
(E) that portion of an annuity awarded under section 228b or 228e of title 45 after September 25, 1961, which would be payable without taking into account military service creditable under section 228c–1 of title 45;
(F) a retirement benefit, including a disability insurance benefit and a dependent’s or survivor’s benefit under subchapter II of chapter 7 of title 42, awarded before September 1, 1954, to an individual or his survivor or beneficiary, insofar as the individual, before September 1, 1954—
(i) was convicted of an offense named by subsection (b) of section 8312 of this title, to the extent provided by that subsection; or
(ii) violated section 8314 or 8315(a)(1) of this title; or
(G) a retirement benefit, including a disability insurance benefit and a dependent’s or survivor’s benefit under subchapter II of chapter 7 of title 42, awarded before September 26, 1961, to an individual or his survivor or beneficiary, insofar as the individual, before September 26, 1961—
(i) was convicted of an offense named by subsection (c) of section 8312 of this title, to the extent provided by that subsection; or
(ii) violated section 8315(a)(2) of this title; and
22 U.S.C. § 4064 — for purposes of this section
For purposes of this section, the term “annuity” means the annuity earned by the reemployed member based on his or her service irrespective of whether or not the amount payable is reduced by the amount of an annuity payable under section 4054 or 4060(b) of this title.
26 U.S.C. § 3402 — for purposes of this chapter
For purposes of this subsection, the term “annuity” means any amount paid to an individual as a pension or annuity.
26 U.S.C. § 401 — for purposes of this section
For purposes of this section and sections 402, 403, and 404, the term “annuity” includes a face-amount certificate, as defined in section 2(a)(15) of the Investment Company Act of 1940 (15 U.S.C., sec. 80a–2); but does not include any contract or certificate issued after December 31, 1962, which is transferable, if any person other than the trustee of a trust described in section 401(a) which is exempt from tax under section 501(a) is the owner of such contract or certificate.
45 U.S.C. § 231 — under this subchapter
The term “annuity” means a monthly sum which is payable on the first day of each calendar month for the accrual during the preceding calendar month.
50 U.S.C. § 2442 — as used in this section
As used in this section, the terms “employee” and “annuity”—
Ballentine's Law Dictionary
James A. Ballentine · 1916
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A Dictionary of Law
Henry Campbell Black · 1891
A yearly sum stipulated to be paid to another in fee, or for life, or years, ani chargeable only on the person of the grantor. Co. Litt. 1446. An annuity is different from arent-charge, with which it is sometimes confounded, the annuity being chargeable on the person merely, and so far personalty; while a rentcharge is something reserved out of realty, or fixed as a burden upon an estate in land. 2 Bl. Comm. 40; Rolle, Abr. 226; 10 Watts, 127. The contract of annuity is that by which one party delivers to another a sum of money, and agrees not to reclaim it so long as the receiver pays the rent agreed upon. This annuity may be either perpetual or for life. Civil Code La, arts. 2798, 2794. The name of an action, now disused, (L. Lat. breve de annuo redditu,) which lay for the recovery of anannuity. Reg. Orig. 1580; Bract. fol. 2038; 1 Tidd, Pr. 3.
A Dictionary of Law
William C. Anderson · 1889
'' A yeai-ly sum stipulated to be paid to another in fee or for life or years, and chargeable only on the person of the grantor. 5 A yearly sum chargeable upon the person of the grantor. 6 A " rent-charge " is a burden imposed upon lands.* An annuity is a stated sum payable annually, unless otherwise directed. It is neither "income" nor "profits," nor does it vary with them, though a certain fund may be provided out of which the smn is payable.' See Ihdian. Anntdtant. One who is entitled to an annuity. Altmiity table. A table exhibiting the probable longevity of a person at any particular age. Based upon statistics, and of use in matters of life Insurance and dower. See further Table, 4. Iiife annuity. An annuity limited upon another's life — the engagement or the sum of money promised.' An annuity payable to the annuitant and his heirs is a personal fee; neither curtesy nor dower are incidents thereto. It is assignable, and bequeathable; and may be an asset in case of Insolvency. Kemedies for its non-payment are: debt, covenant, action of annuity at common law.* It is also apportionable; and may be paid to a widow in lieu of dower.'" ' Savage v. Bircldiead, 20 Picli. 167 (1838); Shaw v. Mo Gregory, 105 Mass. 100 (1870). ' Sparhawk v. Wills, 6 Gray, 164 (1856); Westfleld v. Westfleld. 19 S. C. 89-90 (1883). 5 JNTinchell v. Coney, 54 Conn. 26, 30 (1886). < L. L. annuitas: L. annu Sy a year. "Coke, Litt. 144 6; 3 Kent, 460; 24 N. J. E. 358; 33 Barb. 316. «2B1. Com. 40; 10 Watts, 137; 33 Barb. 318. ' Booth 1). Ammerman, 4 Bradf. 133-35 (1856), cases; Pearson v. Chace, 10 R. I. 456-57 (1873), cases; Bartlett V. Slater, 53 Conn. 107 (1885), cases. 8 See 3 Bl. Com. 461. •3 Kent, 460,471; Coke, Litt. 385; 4 Ves. 763; 5 id. Since an annuity may be regarded as a legacy payable by a yearly instalment, the word " legacy," as used in a will, may comprise the word annuity."
Glossary of Technical Terms, Phrases, and Maxims of the Common Law
Frederic Jesup Stimson · 1881
A yearly sum payable by the grantor, charging his person only.